Commitments And Contingent Liabilities (Tables)

3 Months Ended

Mar. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of guarantor obligations

Guarantees consisted of the following:

(In millions)	March 31, 2020		December 31, 2019
Financial guarantees (a)	$	930.0	$	945.5
Performance guarantees (b)	4,969.2		4,916.0
Maximum potential undiscounted payments	$	5,899.2	$	5,861.5

(a) Financial guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on changes in an underlying agreement that is related to an asset, a liability or an equity security of the guaranteed party. These tend to be drawn down only if there is a failure to fulfill our financial obligations.

(b)

Performance guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on another entity's failure to perform under a nonfinancial obligating agreement. Events that trigger payment are performance-related, such as failure to ship a product or provide a service.